For a post-interim budget presented by the new finance minister of the new Indian government ; the speech may have been a tad lengthy bordering on being called 'dreary.' But the annual document has its own charm in communicating a sense of direction that the country's economy should charter carrying along with it the political chatter from the minority opposition. Leaving it to the experts to make a sense of the large figures of receipts & expenditures , I intend to provide the readers ten new schemes & activities that the new government has earmarked in this year's budget even though the actual allocation in some of the schemes may have been paltry.
- Earmarking 11635 crores for building 16 new ports in one shot (as well as projects on connectivity of ports) is a bold step in developing maritime infrastructure.
- Developing internal waterways for haulage of medium-tonnage ships between Allahabad & Haldia on the Ganges at a cost of 4200 crores .
- Additional 15000 kms of gas grid to be developed to provide alternate source of energy to the households across the country.
- Promoting commercial Organic Farming in North east for export to developed countries by providing 100 crores.
- Incentivizing modernization in the MSME sector by giving an investment allowance for capital expenditures over 15 crores .
- An allocation of 1000 crores to jump-start a venture capital cum loan fund for the MSME sector.
- 500 crores for bridging the digital divide by providing broadband access to village level along with incentives for development of software products.
- 100 crores for developing millennium-old religious tourism through the setting up of National Mission for Pilgrimage Rejuvenation.
- Setting up of a sports university in Manipur in North-east for 100 crores.
- Setting up of SP Mukherjee Rurban mission to provide urban amenities in rural areas through a PPP route.
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